I work as a mortgage broker. Some of the simple tips we offer are – Make weekly payments, this will mean money is going off your loan more often so can save you interested. While having an offset account is a great idea – sometimes you get better value out of having a basic loan with a lower rate. You can still deposit your extra money straight into the loan with most of these types and then redraw the money back out when you need it.

Switch from monthly to fortnightly payments. That’s possible for me with the variable part of the mortgage, not the fixed one. When you have some extra money (for example money back from the ATO) make an extra repayment. You will pay less interest with repayments, even if they are just ten dollars a month. Everything counts.